Established 1999
 
8,000 companies from
USA,Canada and India.
 
   
Search over 25,000 News & Earnings Archives    
 
Market Update : 
Paulson Warns on Housing
Author: 123jump.com Staff
123jump.com
Last Update: 4:34 PM EST January 07 2008


U.S. stocks traded sideways as tempers rose with a near altercation between Iranian and the U.S. Navy. Three popular averages closed with fractional changes. Jeffries reported that it may have lost as much as $24 million in two trading accounts using funds. The Treasury Secretary Henry Paulson comments suggested that housing market slowdown may prompt a correction in economic grwoth. He stressed that the economy is still resilient. Crude oil fell on global economic worries.

 
4:00PM New York, 10:00PM Frankfurt, 8:00AM next day Sydney

European Markets

In London FTSE 100 Index closed lower 12.80 or 0.20% to 6,335.70, in Paris CAC 40 Index increased 6.04 or 0.11% to close at 5,452.83 and in Frankfurt DAX index higher 8.48 or 0.11% to close at 7,817.17. In Zurich trading SMI lower 19.41 or 0.24% to close at 8,110.57.

North American Markets indexes

Dow Jones Industrial Average closed up 27.31 or 0.21% to a close of 12,827.49, S&P 500 closed up 4.55 or 0.32% to 1,416.18, and Nasdaq Composite Index traded down 5.19 or 0.21% to a close of 2,499.46.

In Toronto TSX Composite lost 151.44 or 1.10% to close at 13,627.14.

Of the 30 stocks in Dow Jones Industrial Average, 15 closed higher, 15 closed lower, and none was unchanged.

Alcoa led the decliners in the index with a loss of 5.9% followed by losses in Hewlett Packard of 4.5%, in Boeing of 4%, in Exxon Mobil of 1.5%, and in IBM of 1.33%.

Altria Group led the gainers in the index with a rise of 2.8% followed by increases in Coca Cola of 1.9%, in Verizon of 1.6%, in Wal-Mart of 1.56%, and in Merck 1.5%.

Of the stocks in S&P 500, 254 closed higher, 243 fell, and 3 were unchanged.

Forty Four stocks fell more than 3% and thirty three rose more than 3%.

E*Trade led the decliners in the index with a loss of 9.6% followed by declines in Nvidia of 9.4%, in Fluor Corp of 7.3%, in Countrywide Financial of 7.1%, in Network Appliance 6.9%, and in Terex Corp of 6.8%.

SLM Corp led the gainers in the index with a rise of 7.7% followed by Biogen Idec of 4.94%, in Eli Lilly & Co of 4.9%, in St Jude Medical of 4.75%.

South American Markets Indexes

In Latin Markets Chile led the decliners in the region with a loss of 1.92% followed by decreases in Venezuela of 1.20%, in Argentina of 1.2%, in Peru of 0.75%, and in Mexico of 0.64%.

Venezuela, the only gainer in the region, rose 0.51%.


Asian Markets

In Tokyo Nikkei 225 Index closed lower 190.86 or 1.30% to 14,500.55, in Hong Kong Hang Seng index closed decreased 340.20 or 1.24% to 27,179.49, in Australia ASX 200 closed lower 145.00 or 2.30% to close 6,161.60.

In South Korea Kospi Index close at decreased 32.76 or 1.76% to close at 1,831.14, in Thailand SET index closed lower 13.40 or 1.63% to 808.31, and Indonesia JSE Index edged increased 11.22 or 0.41% to 2,776.41. Sensex index in India closed higher 125.76 or 0.61% to 20,812.65.

Bond Yields decreased on 10-year U.S. bonds to 3.83% and 30-year bonds increased to 4.33%.

 


 

350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries

© 1999-2008 123jump.com. All rights reserved